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Submit an organized solution of the following, for numbers 1 and 2, create your own problem by following the given format. 1. A sinking
Submit an organized solution of the following, for numbers 1 and 2, create your own problem by following the given format. 1. A sinking fund is established to accumulate (amount in pesos) in (number of years). If the annual interest rate is (percentage) compounded (period), find the amount of sinking funds payments. Create a balance sheet of the fund. Note: In your balance sheet, provide at least 20 payments. 2. How much should one pay annually to amortize a loan worth (amount in pesos) at an interest rate of (percentage) compounded (period) for (number of years)? Create an amortization table for the loan. Note: In your balance sheet, provide at least 20 payments.
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1 Amortization of Loan Amount borrowed 10000000 pesos Interest Rate 12 compounded semiannually Periods 10 years 20 semiannual periods Payment 87184557 ...Get Instant Access to Expert-Tailored Solutions
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